{"id":1004072,"date":"2026-09-16T18:31:05","date_gmt":"2026-09-16T22:31:05","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/pan-american-silver-reports-mineral-reserves-and-mineral-resources-as-at-june-30-2026\/"},"modified":"2026-09-16T18:31:05","modified_gmt":"2026-09-16T22:31:05","slug":"pan-american-silver-reports-mineral-reserves-and-mineral-resources-as-at-june-30-2026","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/pan-american-silver-reports-mineral-reserves-and-mineral-resources-as-at-june-30-2026\/","title":{"rendered":"Pan American Silver Reports Mineral Reserves and Mineral Resources as at June 30, 2026"},"content":{"rendered":"

<\/p>\n

Pan American Silver Reports Mineral Reserves and <\/b>Mineral Resources as at June 30, 2026<\/b><\/p>\n

VANCOUVER, British Columbia–(BUSINESS WIRE<\/a>)–Pan American Silver Corp. <\/b>(NYSE: PAAS) (TSX: PAAS) (“Pan American” or the “Company”) is pleased to report its estimated mineral reserves and mineral resources as at June 30, 2026. Proven and probable (“P&P”) mineral reserves are estimated to contain approximately 511.1 million ounces of silver and 6.3 million ounces of gold. Measured and indicated (“M&I”) mineral resources (excluding P&P mineral reserves) are estimated to total approximately 1,126.7 million ounces of silver and 7.5 million ounces of gold. Inferred mineral resources are estimated to total approximately 437.0 million ounces of silver and 7.2 million ounces of gold.<\/p>\n

\nThese figures include Pan American\u2019s 44% attributable share of the Juanicipio mineral reserves and mineral resources following the Company\u2019s acquisition of MAG Silver Corp., which was completed on September 4, 2025.<\/p>\n

\n\u201cOur substantial silver and gold mineral inventory reflects the strength of our diversified portfolio and the continued success of our exploration and mine development programs. We achieved meaningful mineral reserve growth across the operations, replacing over 100% of the silver extracted, while the inclusion of our 44% interest in Juanicipio further increased our silver mineral reserve base,\u201d said Michael Steinmann, President and CEO. \u201cExploration success at La Colorada, Jacobina, and Timmins continues to demonstrate the quality of our asset base and our commitment to extending mine life, driving innovation, and creating long-term value for shareholders.\u201d<\/p>\n

\nAs of August 31, 2026, Pan American completed 351,000 metres of drilling out of a planned total of over 500,000 metres for the calendar year 2026 across its portfolio of mines, focused on near-mine exploration for mineral reserve replacement.<\/p>\n

Consolidated Proven and Probable Mineral Reserves, as at June 30, 2026(1,2,3,5,7)<\/sup><\/b><\/p>\n\n\n\n\n\n\n\n\n\n\n\n
\n

Category<\/b><\/p>\n<\/td>\n

\n

Tonnes
\n
<\/b>(millions)<\/p>\n<\/td>\n

\n

Silver
\n
<\/b>(g\/t)<\/p>\n<\/td>\n

\n

Contained Ag
\n
<\/b>(Moz)<\/p>\n<\/td>\n

\n

Gold
\n
<\/b>(g\/t)<\/p>\n<\/td>\n

\n

Contained Au
\n
<\/b>(koz)<\/p>\n<\/td>\n<\/tr>\n

\n

Silver Segment(4,5)<\/sup><\/b><\/p>\n<\/td>\n<\/tr>\n

\n

\nProven Reserves<\/p>\n<\/td>\n

\n

\n13.2<\/p>\n<\/td>\n

\n

\n288<\/p>\n<\/td>\n

\n

\n122.6<\/p>\n<\/td>\n

\n

\n0.36<\/p>\n<\/td>\n

\n

\n154<\/p>\n<\/td>\n<\/tr>\n

\n

\nProbable Reserves<\/p>\n<\/td>\n

\n

\n44.0<\/p>\n<\/td>\n

\n

\n252<\/p>\n<\/td>\n

\n

\n356.8<\/p>\n<\/td>\n

\n

\n0.55<\/p>\n<\/td>\n

\n

\n783<\/p>\n<\/td>\n<\/tr>\n

\n

Silver Segment Total<\/b><\/p>\n<\/td>\n

\n

57.2<\/b><\/p>\n<\/td>\n

\n

261<\/b><\/p>\n<\/td>\n

\n

479.4<\/b><\/p>\n<\/td>\n

\n

0.51<\/b><\/p>\n<\/td>\n

\n

937<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

Gold Segment(6)<\/sup><\/b><\/p>\n<\/td>\n<\/tr>\n

\n

\nProven Reserves<\/p>\n<\/td>\n

\n

\n56.4<\/p>\n<\/td>\n

\n

\n9<\/p>\n<\/td>\n

\n

\n15.5<\/p>\n<\/td>\n

\n

\n1.04<\/p>\n<\/td>\n

\n

\n1,879<\/p>\n<\/td>\n<\/tr>\n

\n

\nProbable Reserves<\/p>\n<\/td>\n

\n

\n90.7<\/p>\n<\/td>\n

\n

\n6<\/p>\n<\/td>\n

\n

\n16.2<\/p>\n<\/td>\n

\n

\n1.20<\/p>\n<\/td>\n

\n

\n3,511<\/p>\n<\/td>\n<\/tr>\n

\n

Gold Segment Total<\/b><\/p>\n<\/td>\n

\n

147.2<\/b><\/p>\n<\/td>\n

\n

7<\/b><\/p>\n<\/td>\n

\n

31.7<\/b><\/p>\n<\/td>\n

\n

1.14<\/b><\/p>\n<\/td>\n

\n

5,390<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

Total P&P Reserves<\/b><\/p>\n<\/td>\n

\n

204.4<\/b><\/p>\n<\/td>\n

\n

78<\/b><\/p>\n<\/td>\n

\n

511.1<\/b><\/p>\n<\/td>\n

\n

0.96<\/b><\/p>\n<\/td>\n

\n

6,327<\/b><\/p>\n<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n
\n

\n(1)<\/p>\n<\/td>\n

\n\n

\nSee table below titled “Metal price assumptions used to estimate mineral reserves and mineral resources as at June 30, 2026”.<\/p>\n<\/td>\n<\/tr>\n

\n

\n(2)<\/p>\n<\/td>\n

\n\n

\nPlease refer to the complete mineral reserve and mineral resource tables at the end of this news release for more information.<\/p>\n<\/td>\n<\/tr>\n

\n

\n(3)<\/p>\n<\/td>\n

\n\n

\nThis summary table does not include base metal grades or contents. Please refer to the Reserves & Resources<\/a> page on Pan American\u2019s website for a more complete table, including zinc, lead and copper grades and contents.<\/p>\n<\/td>\n<\/tr>\n

\n

\n(4)<\/p>\n<\/td>\n

\n\n

\nSilver Segment mineral reserves comprised of La Colorada, Juanicipio, Huaron, Cerro Moro, San Vicente, and Escobal.<\/p>\n<\/td>\n<\/tr>\n

\n

\n(5)<\/p>\n<\/td>\n

\n\n

\nJuanicipio mineral reserves are included with an effective date of April 30, 2025.<\/p>\n<\/td>\n<\/tr>\n

\n

\n(6)<\/p>\n<\/td>\n

\n\n

\nGold Segment mineral reserves comprised of Jacobina, Timmins, El Pe\u00f1on, Minera Florida, and Shahuindo.<\/p>\n<\/td>\n<\/tr>\n

\n

\n(7)<\/p>\n<\/td>\n

\n\n

\nTotals may not add up due to rounding.<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

Consolidated Measured and Indicated Mineral Resources, as at June 30, 2026(1,2,3,4,6,8)<\/sup><\/b><\/p>\n\n\n\n\n\n\n\n\n\n\n\n
\n

Category<\/b><\/p>\n<\/td>\n

\n

Tonnes
\n
<\/b>(millions)<\/p>\n<\/td>\n

\n

Ag
\n
<\/b>(g\/t)<\/p>\n<\/td>\n

\n

Contained Ag
\n
<\/b>(Moz)<\/p>\n<\/td>\n

\n

Au
\n
<\/b>(g\/t)<\/p>\n<\/td>\n

\n

Contained Au
\n
<\/b>(koz)<\/p>\n<\/td>\n<\/tr>\n

\n

Silver Segment(5,6)<\/sup><\/b><\/p>\n<\/td>\n<\/tr>\n

\n

\nMeasured Resources<\/p>\n<\/td>\n

\n

\n20.8<\/p>\n<\/td>\n

\n

\n157<\/p>\n<\/td>\n

\n

\n105.0<\/p>\n<\/td>\n

\n

\n0.11<\/p>\n<\/td>\n

\n

\n70<\/p>\n<\/td>\n<\/tr>\n

\n

\nIndicated Resources<\/p>\n<\/td>\n

\n

\n426.3<\/p>\n<\/td>\n

\n

\n73<\/p>\n<\/td>\n

\n

\n995.2<\/p>\n<\/td>\n

\n

\n0.02<\/p>\n<\/td>\n

\n

\n297<\/p>\n<\/td>\n<\/tr>\n

\n

Silver Segment Total<\/b><\/p>\n<\/td>\n

\n

447.1<\/b><\/p>\n<\/td>\n

\n

77<\/b><\/p>\n<\/td>\n

\n

1,100.2<\/b><\/p>\n<\/td>\n

\n

0.03<\/b><\/p>\n<\/td>\n

\n

367<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

Gold Segment(7)<\/sup><\/b><\/p>\n<\/td>\n<\/tr>\n

\n

\nMeasured Resources<\/p>\n<\/td>\n

\n

\n65.7<\/p>\n<\/td>\n

\n

\n5<\/p>\n<\/td>\n

\n

\n10.1<\/p>\n<\/td>\n

\n

\n1.37<\/p>\n<\/td>\n

\n

\n2,884<\/p>\n<\/td>\n<\/tr>\n

\n

\nIndicated Resources<\/p>\n<\/td>\n

\n

\n84.6<\/p>\n<\/td>\n

\n

\n6<\/p>\n<\/td>\n

\n

\n16.5<\/p>\n<\/td>\n

\n

\n1.56<\/p>\n<\/td>\n

\n

\n4,248<\/p>\n<\/td>\n<\/tr>\n

\n

Gold Segment Total<\/b><\/p>\n<\/td>\n

\n

150.2<\/b><\/p>\n<\/td>\n

\n

6<\/b><\/p>\n<\/td>\n

\n

26.6<\/b><\/p>\n<\/td>\n

\n

1.48<\/b><\/p>\n<\/td>\n

\n

7,132<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

Total M&I Resources<\/b><\/p>\n<\/td>\n

\n

597.3<\/b><\/p>\n<\/td>\n

\n

59<\/b><\/p>\n<\/td>\n

\n

1,126.7<\/b><\/p>\n<\/td>\n

\n

0.39<\/b><\/p>\n<\/td>\n

\n

7,499<\/b><\/p>\n<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n
\n

\n(1)<\/p>\n<\/td>\n

\n\n

\nSee table below titled “Metal price assumptions used to estimate mineral reserves and mineral resources as at June 30, 2026”.<\/p>\n<\/td>\n<\/tr>\n

\n

\n(2)<\/p>\n<\/td>\n

\n\n

\nMineral resources are reported exclusive of mineral reserves.<\/p>\n<\/td>\n<\/tr>\n

\n

\n(3)<\/p>\n<\/td>\n

\n\n

\nPlease refer to the complete mineral reserve and resource tables at the end of this news release for more information.<\/p>\n<\/td>\n<\/tr>\n

\n

\n(4)<\/p>\n<\/td>\n

\n\n

\nThis summary table does not include base metal grades or contents. Please refer to the Reserves & Resources<\/a> page on Pan American\u2019s website for a more complete table, including zinc, lead and copper grades and contents.<\/p>\n<\/td>\n<\/tr>\n

\n

\n(5)<\/p>\n<\/td>\n

\n\n

\nSilver Segment mineral resources comprised of La Colorada, Juanicipio, Huaron, Cerro Moro, San Vicente, Escobal, La Colorada Skarn, Navidad, and Manantial Espejo.<\/p>\n<\/td>\n<\/tr>\n

\n

\n(6)<\/p>\n<\/td>\n

\n\n

\nJuanicipio mineral resources are included with an effective date of April 30, 2025.<\/p>\n<\/td>\n<\/tr>\n

\n

\n(7)<\/p>\n<\/td>\n

\n\n

\nGold Segment mineral resources comprised of Jacobina, Timmins, El Pe\u00f1on, Minera Florida, Shahuindo, Vogel, Gold River, Marhill, Whitney, and La Bolsa.<\/p>\n<\/td>\n<\/tr>\n

\n

\n(8)<\/p>\n<\/td>\n

\n\n

\nTotals may not add up due to rounding.<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

Consolidated Inferred Mineral Resources, as at June 30, 2026(1,2,3,4,6,8)<\/sup><\/b><\/p>\n\n\n\n\n\n
\n

Category<\/b><\/p>\n<\/td>\n

\n

Tonnes
\n
<\/b>(Mt)<\/p>\n<\/td>\n

\n

Ag
\n
<\/b>(g\/t)<\/p>\n<\/td>\n

\n

Contained Ag
\n
<\/b>(Moz)<\/p>\n<\/td>\n

\n

Au
\n
<\/b>(g\/t)<\/p>\n<\/td>\n

\n

Contained Au
\n
<\/b>(koz)<\/p>\n<\/td>\n<\/tr>\n

\n

Silver Segment Inferred Resource (5,6)<\/sup><\/b><\/p>\n<\/td>\n

\n

\n150.9<\/p>\n<\/td>\n

\n

\n85<\/p>\n<\/td>\n

\n

\n410.1<\/p>\n<\/td>\n

\n

\n0.09<\/p>\n<\/td>\n

\n

\n447<\/p>\n<\/td>\n<\/tr>\n

\n

Gold Segment Inferred Resources(7)<\/sup><\/b><\/p>\n<\/td>\n

\n

\n125.2<\/p>\n<\/td>\n

\n

\n7<\/p>\n<\/td>\n

\n

\n26.9<\/p>\n<\/td>\n

\n

\n1.68<\/p>\n<\/td>\n

\n

\n6,773<\/p>\n<\/td>\n<\/tr>\n

\n

Total Inferred Resources<\/b><\/p>\n<\/td>\n

\n

276.2<\/b><\/p>\n<\/td>\n

\n

49<\/b><\/p>\n<\/td>\n

\n

437.0<\/b><\/p>\n<\/td>\n

\n

0.81<\/b><\/p>\n<\/td>\n

\n

7,220<\/b><\/p>\n<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n
\n

\n(1)<\/p>\n<\/td>\n

\n\n

\nSee table below titled “Metal price assumptions used to estimate mineral reserves and mineral resources as at June 30, 2026”.<\/p>\n<\/td>\n<\/tr>\n

\n

\n(2)<\/p>\n<\/td>\n

\n\n

\nMineral resources are reported exclusive of mineral reserves.<\/p>\n<\/td>\n<\/tr>\n

\n

\n(3)<\/p>\n<\/td>\n

\n\n

\nPlease refer to the complete mineral reserve and mineral resource tables at the end of this news release for more information.<\/p>\n<\/td>\n<\/tr>\n

\n

\n(4)<\/p>\n<\/td>\n

\n\n

\nThis summary table does not include base metal grades or contents. Please refer to the Reserves & Resources<\/a> page on Pan American\u2019s website for a more complete table, including zinc, lead and copper grades and contents.<\/p>\n<\/td>\n<\/tr>\n

\n

\n(5)<\/p>\n<\/td>\n

\n\n

\nSilver Segment inferred mineral resources comprised of La Colorada, Juanicipio, Huaron, Cerro Moro, San Vicente, Escobal, La Colorada Skarn, Navidad, and Manantial Espejo.<\/p>\n<\/td>\n<\/tr>\n

\n

\n(6)<\/p>\n<\/td>\n

\n\n

\nJuanicipio mineral resources are included with an effective date of April 30, 2025.<\/p>\n<\/td>\n<\/tr>\n

\n

\n(7)<\/p>\n<\/td>\n

\n\n

\nGold Segment inferred mineral resources comprised of Jacobina, Timmins, El Pe\u00f1on, Minera Florida, Shahuindo, Vogel, Gold River, Whitney, and La Bolsa.<\/p>\n<\/td>\n<\/tr>\n

\n

\n(8)<\/p>\n<\/td>\n

\n\n

\nTotals may not add up due to rounding.<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

Mineral reserve and mineral resource highlights for the 12-months ended June 30, 2026:<\/b><\/p>\n